Debt consolidation loan companies continue to do brisk business because people simply have no other choice but to get into debt.
Findings from financial comparison site uSwitch show that the UK have astonishingly low levels of disposable income, which explains a lot about the ever growing buy now, pay later culture that has taken over the nation.
Debt consolidation loans have been as popular as ever in 2007 and will almost certainly continue to prove a big hit with people struggling to balance multiple debts.
A spokersperson for uSwitch commented, "Though Britons are working harder, they are not getting any richer and are basically running just to stand still."